by Lara | Oct 23, 2014 | Gold |
Movement below 1,231.78 has clarified the situation. Summary: Intermediate wave (2) is unfolding as a big flat correction. I expect more downwards movement for a few days to at least 1,190.04. It is possible we may see a new low below 1,183.06. Click on charts to...
by Lara | Sep 29, 2014 | Gold |
Last Elliott wave analysis expected the new week to begin with a continuation of the current correction. Gold remains in a consolidation phase, as expected. Summary: This correction is incomplete and now looks most likely that a triangle is unfolding so we shall see...
by Lara | Sep 22, 2014 | Gold
A new low below 1,213.84 invalidated the main hourly wave count. The alternate hourly wave count allowed for downwards movement and had a target range of 1,211 – 1,206. No trend change has yet been confirmed. Summary: The downwards structure now has a better...
by Lara | Sep 21, 2014 | Gold |
Price made a new low and we have another red candlestick which was expected, although price has fallen $2.84 short of the upper edge of the target zone. Summary: It is most likely that minor wave 3 is over, but this is unconfirmed. Movement above 1,228.67 and above...
by Lara | Aug 4, 2014 | Gold
Some downwards movement was expected in the short term to about 1,286.81. So far price has reached down to 1,286.20. I have a new alternate Elliott wave count for you today. Summary: I expect overall upwards movement here for a minor degree wave to just above...
by Lara | Jul 31, 2014 | Gold |
Movement below 1,291.83 confirmed the alternate wave count and invalidated the main Elliott wave count. By a simple process of elimination I now have just one wave count for you today. Summary: The target for this downwards movement to end is 1,275 to 1,271. It should...
by Lara | Jul 26, 2014 | Gold
Upwards movement was expected for Friday. Although the target is close by and the structure is incomplete, I am changing the wave count. Summary: Monday should see more upwards movement to a target at 1,340. Movement above 1,324.73 will confirm the main wave count and...
by Lara | Jul 15, 2014 | Gold |
Downwards movement was expected for the main Elliott wave count, which was judged to have a 90% probability. The first target was at 1,305 and has now been slightly exceeded. I still have an alternate wave count for you. Summary: In the short term, if price remains...
by Lara | Jun 26, 2014 | Gold
Movement below 1,315.48 invalidated yesterday’s alternate Elliott wave count and confirmed the main wave count. I have more confidence today that a B wave has begun. So far it looks like it may be very shallow and it may also be brief. I have two wave counts for...
